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The CryptoPunks collection has set a new record for sales among NFT
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The CryptoPunks collection has set a new record for sales among NFT

Jan 20, 2024

Researchers from CryptoSlam have published statistics on the non-fungible token (NFT) market, noting a resurgence in success for CryptoPunks. According to analysts' data, CryptoPunks have become the best-selling collection of digital NFT items in the last 24 hours, with a total transaction volume of $4.73 million.

From the experts' table provided, it can be seen that this figure has increased by 719.5% in the last 24 hours, surpassing all other NFT collections. For example, the Ethereum-based MintID collection showed results of $1.85 million, while CryptoUndeads conducted transactions totaling only $1.65 million.

It is also worth noting that Uncategorized Ordinals on the Bitcoin network showed results of $1.56 million. Meanwhile, the renowned Bored Ape Yacht Club (BAYC) collection only ranked 6th with a turnover of $1.19 million. CryptoSlam experts highlight that 32 out of the top 35 NFT sales in the last 24 hours belong to "CryptoPunks," including 18 items recently acquired by an anonymous collector-investor.

According to analysts, when CryptoPunks achieve such results and influence the development of the ERC-721 standard, it often indicates the market's readiness for active activity in the PFP and NFT culture.

CryptoPunks is a collection of unique digital avatars created on Ethereum in 2017 by Larva Labs. These NFTs consist of 10,000 pixelated images, each with different characteristics such as appearance, hair, and accessories. Owners can buy, sell, or trade them on the NFT market.

CryptoPunks became popular in the world of digital art due to their uniqueness and limited supply. They played a significant role in the development of the NFT market and drew attention to the potential of non-fungible digital assets on the Ethereum blockchain.

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